Business

The latest business news in Nigeria, Africa and the world.

Instant Bank Transfers Increase To N41.48tn In 5 Months
Instant Bank Transfers Increase To N41.48tn In 5 Months
The value of transactions via the Nigeria Interbank Settlement System Instant payment system rose to N41.48tn in five months. 
palm-oil-production-Nigeria
Oil Palm: CBN Doles Out N30 Billion To Producers
The Central Bank of Nigeria (CBN) has disbursed N30 billion to oil palm producers across the country, the apex bank noted on Friday.
N33bn Pension Fund: Reps Panel Summons CBN, AGF
CBN To Blacklist Firms Smuggling 43 Restricted Items
The Central Bank of Nigeria (CBN) has announced plans to blacklist firms, its owners and top management caught smuggling or dumping any of the 43 restricted items into the country.
Agriculture
Adesina Wants To Run For Second Term As AfDB President
Akinwumi Adesina, president of the African Development Bank (AfDB) has declared his interest to seek a second term.
NERC Issues New 40MW Licence Power Generation To GEIL
NERC Issues New 40MW Licence Power Generation To GEIL
The Nigerian Electricity Regulatory Commission (NERC) has issued a licence to Green Energy International Limited for the generation of 40 megawatts of electricity.
Nigeria Will Experience Another Sluggish Economy Recovery-Fitch
A global rating agency, Fitch Ratings, has disclosed that Nigeria will continue to experience a slow recovery, as a result of the rebound in oil prices and the extension of services.
ms Hadiza Usman, DG of NPA
Vessels Can Now Enjoy 10% Discount At Eastern Ports – NPA
The Nigerian Ports Authority (NPA) has approved a 10 per cent discount on harbour dues in all concessioned terminals at the Eastern ports.
Smuggling: CBN Blocks Accounts Of Perpetrators |Nigeria News
Smuggling: CBN Blocks Accounts Of Perpetrators
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele has revealed that the apex bank has blocked the accounts of some smugglers. 
GenCos Release 4,122MW Of Electricity
GenCos Release 4,122MW Of Electricity
A daily energy report, which was compiled by the Advisory Power Team, Office of the Vice President disclosed that Electricity Generating Companies (GenCos) comprising gas-fired and hydro stations released 4,122 MegaWatts (MW) of electricity into the national grid on Tuesday.
Nigeria Customs Service Hints At Plan To Unearth Talents
Importation: How Stock Fish Importers Beat Customs – FG
The Ministry of Agriculture and Rural Development has said most importers of stockfish go through land borders to beat officials of the Nigeria Customs Service (NCS). 
Germany Invests €2m In Nigeria’s Rice Production
Germany Invests €2m In Nigeria’s Rice Production
The German Government in conjunction with Bill and Melinda Gates Foundation has invested  €2m in Nigeria’s rice production, Concise News reports.
nigeria stock market news, mtn NSE listing
NSE: GLO, 9mobile, Airtel To List On Nigerian Stock Market
More telecommunications providers like Airtel, 9mobile and GLO will soon be listed on the floor of the Nigerian Stock Exchange (NSE).
FG Withdraws Six Oil Licences To 'Recover Legacy Debts'
Why Fuel Subsidy Is Bad Business For Nigeria – World Bank
The World Bank has said fuel subsidy payment in Nigeria is not enough to help the poor masses in the country, Concise News reports. 
SEC Abuja Office news
Gwarzo: SEC Staff Lock Down Secretariat Over Reinstatement
Staff members of the Securities and Exchange Commission (SEC) have locked up the secretariat of the commission in Abuja on Monday. 
SEC Sacks Tinubu From Oando, Bans Him For Five Years
SEC: Oando Speaks On Sack Of Tinubu, Others
Oando Plc has said it will take legal action to challenge the Securities and Exchange Commission (SEC) ruling on the outcome of its forensic audit.
MTN Pays Final N55bn To Complete N330bn NCC Fine
MTN Pays Final N55bn To Complete N330bn NCC Fine
MTN Nigeria Communications Plc (MTN), has paid the sixth and final instalment of N55 billion to the Nigerian Communications Commission (NCC), Concise News reports.
SEC Sacks Tinubu From Oando, Bans Him For Five Years
SEC Sacks Tinubu From Oando, Bans Him For Five Years
The Securities and Exchange Commission (SEC) has ordered the Group Chief Executive Officer of Oando Plc Wale Tinubu, and other affected board members to resign following its completion of investigation of the company.
Trans Forcados Pipeline
‘Invest In Our Gas,’ Nigeria Advises S. Africa
The Federal Government on Thursday advised South African Government to invest in the Nigeria’s gas sector, which it said currently worth $50 billion (N18 trillion).
FOwler, FIRS boss
Oxfam Reveals Why Wealthy Nigerians Dodge Paying Taxes
The Niger Delta Budget Monitoring Group and Oxfam International have said the soft handling of wealthy people by the government is why they do not pay tax as much as they ought to. 
MTN Listing: SEC Speaks On Inviting EFCC To Probe Telecom Firm
MTN Listing: SEC Speaks On Inviting EFCC To Probe Telecom Firm
The Securities and Exchange Commission (SEC) has denied inviting the Economic and Financial Crimes Commission (EFCC) to investigate telecoms firm MTN. 
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